SAN FRANCISCO – United States (US) electric vehicle maker Tesla yesterday said it earned US$11.96 billion (RM50.7 billion) in total revenues in the second quarter (Q2) of this year, up 98% from the previous year, reported Xinhua.
Tesla posted US$1.62 billion in non-generally accepted accounting principles net income for the quarter that ended on June 30, representing a 258% increase from the previous year.
Its cash and cash equivalents in Q2 reached US$16.23 billion, up 88% year-on-year.
Tesla achieved the highest-ever vehicle production and deliveries in Q2, with its total production reaching 206,421 (an increase of 151% year-on-year) and total deliveries reaching 201,304 (up 121% year-on-year).
The company said supply chain challenges – in particular global semiconductor shortages and port congestion – continue to be present in the quarter.
With global vehicle demand at record levels, component supply will have a strong influence on the rate of delivery growth for the rest of this year, it added.
Per its planned roadmap, Tesla recently introduced a standard range version of Model Y in China.
“Due to strong US demand and global average cost optimisation, we have completed the transition of Gigafactory Shanghai as the primary vehicle export hub.
“While we have experienced minor interruptions due to supply chain challenges and factory upgrades, production in Shanghai remains strong.” – Bernama, July 27, 2021
